Liquefied petroleum gas: Local dealers asked to reduce price

KARACHI: The international price of liquefied petroleum gas (LPG) has declined by $27.50 to $842.50 per ton for September, said the acting chairman of All Pakistan LPG Distributors Association, Mohammad Atique Khan, on Tuesday. He said that local producers should reduce the LPG price by Rs2,500 per ton immediately. He said that Saudi Aramco Contract Price (CP) of propane has slipped by $45 to $790 per ton while butane is down by $20 to $865 per ton. Khan urged local producers to announce a cut so that LPG could become affordable for domestic consumers. “High LPG prices have gone out of the reach of poor consumers and, therefore, its sale has declined by 45 to 55 per cent in the last months,” he said.

Published in The Express Tribune, August 31^st,  2011.